“We do have robust risk-management practices and policies associated with this, and we have had for a number of years," Chief Financial Officer Marianne Lake told reporters Friday during a conference call.

“We continue to always refine them and work on them and as a result our exposures have come down significantly and are pretty limited."

Bank of America Corp. said earlier in the week it plans to stop lending to companies that make assault-style guns used for non-military purposes.

A number of U.S. companies have weighed in on their ties to the gun industry and the National Rifle Association following the Feb. 14 shooting at a high school in Parkland, Florida that left 17 people dead.